Top tips on increasing the rental value of your property
Mon 12 Jul 2021
As a landlord, you want your property to be a profitable investment for years to come. The rent price your property acheives will be dictated by the market, but there are many simple things you can do to make sure your property stands out. You'll need to be prepared to spend a little money, but it can be worth it in the long run.
Read on for our top five tips on how to make your property stand out from the rest and get the best possible rental income.
Get the basics right
You want your tenants to stay for as long as possible, so make sure the property feels like a real home rather than a temporary stop-gap. Ensure that the paintwork is fresh and the flooring clean. Don’t opt for the cheapest possible furniture but choose decent items that you wouldn’t mind living with yourself. Make sure everything is in working order and no routine repair or maintenance jobs are overlooked.
Focus on kitchens and bathrooms
These are the rooms that can make or break a decision to rent, but they can easily become tired and shabby and lose their appeal.
Between tenancies it’s vital to give them a deep clean and to assess if they need any refurbishment. Replacing a worktop, updating tiling or adding a heated towel-rail needn’t be expensive but can give a fresh, up-to-date look.
Add an en-suite
This won’t be a cheap option, but especially in larger properties, having an extra bathroom can greatly add to the property’s appeal and allow you to charge a higher rent.
Tidy up green space
If your property is lucky enough to have a garden, then make the most of it. Attractive outdoor space can be a major selling point, so make sure it is well-maintained and has a few desirable features such as a seating area, a BBQ or a decent-sized shed.
Install the fastest possible broadband
With WFH very much the new normal for many people, having a super-fast internet connection is a real plus point. Paying for premium broadband installation will be money you can easily recoup in additional rental.
With these simple steps, you'll have a property that will be profitable and a solid investment. If you're looking to let your property, contact us our lettings team on 01788 551111 or click here for more information.